Social impact bonds: Turning public challenges into innovation
opportunities
Social impact bonds offer an opportunity for
public organizations to develop innovative
welfare solutions via a mechanism enabling
collaboration with the social sector and
private investors based on social outcomes.
Join us for an evening discussion at the
Istanbul Policy Centre in Karaköy on Friday
22nd of November between 17:30 – 19:00
What is it ?
Public institutions can receive help from social service
providers and investors to fight their challenges in public
policy areas - where it is possible to define clear outcomes
that result in public sector savings.
Social impact bond are an effective way for government to
stimulate innovation, to mobilize private (social) capital,
and to increase incentives for success.
A public organization opens a challenge to social service
providers, by defining the target group, success criteria,
and repayment terms, which are based on an agreed
success rate. Social organizations apply for projects
together with investors, typically foundations or social
investors, who are willing to commit upfront funding and
assume part or all of the performance risk.
cycles
 A demonstrated social impact for investors as well as
opportunity to recover investments plus financial return
The Discussion
The event will feature:
Erdem Ovacik, Partner, SocialKontrakt (Denmark)
James Halliday, Koc University Center for Social
Entrepreneurship and Co-Founder
Anja Koenig, Mercator-IPC fellow, Social Impact Markets
& Policies Istanbul Policy Centre/Sabanci University
We will discuss:
- What is the status in the world about SIB?
- What are social areas that can be addressed with
SIB?
-
What are some important design considerations?
What are opportunities and barriers in Turkey for
SIB?
-
How could we get started?
Location
Istanbul Policy Centre/Sabancı University
Conference room, 4th floor
Bankalar Cad. No: 2, Minerva Han
Karaköy /Istanbul
A SIB backed project typically lasts 3-6 years with a total
budget of 3-30m ŧ. The project outcomes are measured
with robust statistical analysis methods, which determine
the final financial return to the investor.
RSVP
Originally developed in the UK, a variety of governments
as diverse as US, Germany, Israel, Mozambique or
Australia have adopted or are currently exploring this
innovative concept.
We only have limited seats – so hurry!
Why SIBs ?
Social impact bonds provide:
 Better and broader public services availed for society
 New solutions with limited financial risk to public
organization and tax payers
 A focus on outcomes and incentives for efficiencies
 A constructive interplay between the public and private
organizations
 Ability of social service providers to plan long term
interventions rather than follow short term fundraising
Please confirm your participation (free of charge) to
erdem@socialkontrakt.com.